Lloyds TSB reveals cash ISA commitments

Thursday, 10 February 2011 05:19

A series of measures to increase transparency and provide ISA savers with a better deal has been launched by Lloyds TSB.

Entitled Cash ISA Commitments, it guarantees that when transferring from another provider, savers will receive interest from the day the firm receives their completed transfer application form.

In addition to this, customers will be informed if their bonus or fixed term Cash ISA deal is coming to an end so they are always in control

Simon Kenyon, director of savings, said: "ISAs should always be a savers first port of call due to their tax free status."

He added the firm is committed to paying interest from the day it receives a transfer application. 

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